Childcare Cost Calculator

In the US, the average cost of full-time infant care at a daycare center is about $1,100-$1,500/month nationally, but ranges from $800/month in low-cost areas to over $2,500/month in expensive metro areas. Infant care costs more than toddler or preschool care. A full-time nanny typically costs $2,500-$4,000+/month.

Two main tax benefits: 1) Dependent Care FSA (DCFSA): set aside up to $5,000/year pre-tax for childcare, saving ~$1,500 in taxes. 2) Child and Dependent Care Tax Credit: 20-35% credit on up to $3,000 ($6,000 for 2+ children) in childcare expenses. You can use the DCFSA OR the credit, but generally not both on the same expenses.

Daycare is typically cheaper for one child ($1,100-$1,500/month vs $2,500-$4,000+/month for a nanny). However, with two or more children, a nanny becomes more cost-competitive since you pay one salary regardless. A nanny share (splitting a nanny with another family) offers a middle-ground option.